{"id":464,"date":"2020-11-23T00:00:00","date_gmt":"2020-11-23T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2020\/11\/23\/vaccines-pushing-markets-higher\/"},"modified":"2020-11-23T00:00:00","modified_gmt":"2020-11-23T00:00:00","slug":"vaccines-pushing-markets-higher","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/vaccines-pushing-markets-higher","title":{"rendered":"Vaccines Pushing Markets Higher"},"content":{"rendered":"

Each day cases are rising<\/strong>, cities are starting to shut down<\/strong> non-essential businesses,<\/strong> and winter<\/strong> is now in the front-view window!\u00a0 We should expect the positive economic data we\u2019ve been witnessing the past couple of months to subside, for the time being.\u00a0 Add in the fact that we won\u2019t know the balance of political power<\/strong> until January 5th<\/sup>, 2021 (Senate run-off),<\/strong> and when we\u2019ll receive additional stimulus.<\/p>\n

Current uncertainty is being \u201ctrumped,\u201d (I\u2019m a pinochle player), by Covid-19 vaccine optimism.\u00a0 Investors can now see an end to this pandemic whereas economic activity can hopefully move forward.\"\"<\/strong><\/p>\n

Investors seem compelled to push the markets higher believing economic activity and corporate profits will rise next year.\u00a0 I do believe this pandemic will end up in the rearview in 2021.\u00a0 I do however expect a little turbulence, at least for the economy, between now and then. The markets on the other hand, at least for now, are looking beyond the next few months.<\/p>\n

If your financial planning<\/strong> time horizon is beyond next summer, which it should be, maintaining your well diversified portfolios should prove once again to be prudent.<\/p>\n

Markets for the Week<\/strong><\/p>\n

Markets were mixed last week with the Dow Jones & S&P 500 both down under 1%.\u00a0 The Nasdaq inked out a gain of .25%.\u00a0 Leaders for the week were again, Small Caps as the Russell 2000 moved higher by 2.38%.\u00a0 <\/strong><\/p>\n

Over the pond, International Stocks<\/strong> were up 1.8% on average.<\/p>\n

Bond yields<\/strong> fell last week as the weekly unemployment claim data was higher than expected.\u00a0 The 10-year US Treasury yield fell back to .83%.<\/p>\n

Medicare\/Social Security Annual Letters<\/strong><\/p>\n

\"\"Those receiving Social Security Retirement Benefits<\/strong> and\/or Medicare<\/strong> should be receiving annual notices<\/strong> explaining your benefits and health care premiums for 2021.\u00a0 Please make sure you read them immediately<\/span>.\u00a0 I am now assisting 3 clients in correcting mistakes they received on their annual notices.\u00a0 Please do not delay if you need assistance.<\/p>\n

Weekly Summary<\/strong><\/p>\n

Vaccine optimism is supporting our markets and overall optimism.\u00a0 Even with cases now rising to all-time highs, the thoughts of returning to normalcy should be viewed with optimism.\u00a0 Soon, many of our questions should be answered. \"\"<\/p>\n

Keeping a well-diversified portfolio has proven beneficial and should do so for the foreseeable future. Don\u2019t delay reviewing your annual Social Security\/Medicare Statements<\/strong>!!!<\/p>\n

Investment\/Portfolio Review<\/strong><\/p>\n

For those non-client subscribers<\/strong>; having an unbiased review of your investments<\/strong> and planning<\/strong> is always a good idea.\u00a0 To schedule a complimentary review, please email us<\/a>, or give Ellen a call at 856-354-3200, ext. 205. We can schedule a review or consultation via phone, Zoom, or in-person.<\/p>\n","protected":false},"excerpt":{"rendered":"

Each day cases are rising, cities are starting to shut down non-essential businesses, and winter is now in the front-view window!\u00a0 We should expect the positive economic data we\u2019ve been witnessing the past couple of months to subside, for the time being.\u00a0 Add in the fact that we won\u2019t know the balance of political power […]<\/p>\n","protected":false},"author":3,"featured_media":467,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[29,7,9,4,30,13,5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/464"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=464"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/467"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}